Core Insights - Newmark facilitated the largest new office lease in Silicon Valley since 2023, representing Zscaler in a 301,163-square-foot sublease for its new global headquarters [1][2][3] - The new headquarters, located at 4301 and 4401 Great America Parkway in Santa Clara, California, is set to open in summer 2026 and aims to support Zscaler's rapid growth in the zero trust cybersecurity sector [1][2][3] Company Overview - Zscaler is a leader in zero trust cybersecurity, providing AI-powered solutions to protect enterprises [1] - The new facility will enhance Zscaler's innovative environment and accommodate its expanding workforce, reflecting the company's commitment to collaboration and community impact [2][3] Newmark's Role - Newmark's Vice Chairman Mike Saign and Senior Managing Director Rich Hoyt led the team that advised Zscaler on this significant transaction [2] - Newmark Group, Inc. reported revenues exceeding $2.8 billion for the twelve months ending March 31, 2025, and operates approximately 165 offices globally with around 8,100 professionals [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38329 NEWMARK GROUP, INC. (Exact name of Registrant as specified in its charter) (State or other Jurisdiction of Incorporation or ...

Core Insights - Leasing activity in the Harwood District reached a record-breaking 342,163 square feet in 2024, with transactions valued at over $200 million, indicating strong demand for its offerings [2][6] - The Harwood District is recognized as a premier example of integrated urban development, blending hospitality, art, nature, and design, with a Walk Score of 94, making it one of the most walkable mixed-use environments in Dallas [3][4] - Harwood International emphasizes a commitment to delivering premier experiences that enhance productivity and well-being for tenants, supported by extensive amenities and cultural integration [7][11] Company Overview - Harwood International, founded in 1988, is an international real estate firm known for creating landmark properties characterized by design excellence and prime locations [10] - The company has received numerous accolades, including ENR's "Best Office Project in the World" for the Rolex Building and recognition for Hôtel Swexan, which was awarded a One MICHELIN Key in 2024 [11] - Harwood International integrates art into its developments, enhancing the connection between people and place, and is committed to sustainability and energy efficiency [11] Market Dynamics - The Harwood District has historically maintained over 90 percent occupancy and leads the market in leasing rates, driven by its luxury experience and exceptional design [2] - The upcoming Goldman Sachs project in 2027 and the establishment of the Texas Stock Exchange are expected to further boost the growth of the Harwood District [1] - Dallas is set to gain global attention with events like the FIFA World Cup 26 and the expansion of the Kay Bailey Hutchison Convention Center, positioning the city for economic momentum [1][6] Amenities and Lifestyle - The Harwood District offers a unique work-life balance with direct access to wellness programming, state-of-the-art fitness centers, and vibrant social spaces [7] - Culinary experiences, including MICHELIN-recognized restaurants, enhance the district's appeal, contributing to a luxury lifestyle office environment [8][9] - The district features over 20 world-class restaurants, bars, and cultural venues, enriching the neighborhood and attracting tenants [8]

Core Viewpoint - The research service "Asia Value & Moat Stocks" targets value investors looking for Asia-listed stocks that exhibit a significant disparity between market price and intrinsic value, focusing on deep value balance sheet bargains and wide moat stocks [1] Group 1: Investment Focus - The service emphasizes deep value balance sheet bargains, which include net cash stocks, net-nets, low price-to-book (P/B) stocks, and sum-of-the-parts discounts [1] - It also highlights wide moat stocks, which are characterized by strong earnings power at a discount, including high-quality businesses and hidden champions [1] Group 2: Market Emphasis - The primary focus of the investment ideas is on the Hong Kong market, providing a range of watch lists with monthly updates for investors [1]

Core Viewpoint - Newmark Group (NMRK) reported quarterly earnings of $0.21 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, and showing an increase from $0.15 per share a year ago, indicating a positive earnings surprise of 10.53% [1] Financial Performance - The company achieved revenues of $665.49 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 11.04%, compared to $546.5 million in the same quarter last year [2] - Over the last four quarters, Newmark Group has exceeded consensus EPS estimates three times and topped revenue estimates two times [2] Stock Performance - Newmark Group shares have declined approximately 13.7% since the beginning of the year, while the S&P 500 has decreased by 5.5% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.25, with expected revenues of $687.2 million, and for the current fiscal year, the estimate is $1.42 on $3.01 billion in revenues [7] - The estimate revisions trend for Newmark Group is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Real Estate - Operations industry, to which Newmark Group belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential challenges ahead [8]

Newmark Group (NMRK) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Speaker0 Good day and welcome to the Newmark Group First Quarter twenty twenty five Financial Results. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Jason McRuder, Head of Investor Relations. Please go ahead. Speaker1 Thank you, operator, and good morning. Newmark issued its first quarter twenty twenty five financial results press release this morning. Unless otherwise stated, the resu ...

Newmark Group (NMRK) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Jason McGruder - Head, IRBarry Gosin - Chief Executive OfficerMichael Rispoli - CFOLuis Alvarado - Chief Operating OfficerJade Rahmani - Managing DirectorJulien Blouin - Vice PresidentPatrick O’Shaughnessy - MD - Capital Markets Conference Call Participants Alexander Goldfarb - Managing Director & Senior Analyst Operator Good day and welcome to the Newmark Group First Quarter twenty twenty five Financial Results. Toda ...

Financial Performance - Total revenues for Q1 2025 were $665.5 million, a 21.8% increase compared to $546.5 million in Q1 2024[5] - GAAP net income improved to a loss of $8.8 million, a 46.1% reduction from a loss of $16.3 million in the previous year[5] - Post-tax adjusted earnings rose to $54.3 million, reflecting a 45.2% increase from $37.4 million in Q1 2024[5] - Total revenues for FY 2025 are projected to be between $2,900 million and $3,100 million, representing a year-on-year increase of 6% to 13% from the FY 2024 actual of $2,738.5 million[19] - Adjusted Earnings Per Share for FY 2025 is expected to be in the range of $1.40 to $1.50, reflecting a year-on-year growth of 14% to 22% from the FY 2024 actual of $1.23[19] - Adjusted EBITDA for FY 2025 is forecasted to be between $495 million and $545 million, indicating an 11% to 22% increase compared to the FY 2024 actual of $445.3 million[19] - Total revenues for Q1 2025 reached $665.5 million, a 21.7% increase from $546.5 million in Q1 2024[41] - Management services, servicing fees, and other revenues increased to $283.9 million, up 10.5% from $256.9 million year-over-year[41] - Leasing and other commissions rose to $208.1 million, a 30.9% increase compared to $158.8 million in the same period last year[41] - Capital markets revenues grew by 32.6% to $173.5 million from $130.8 million year-over-year[41] - Adjusted Earnings before noncontrolling interests and taxes for Q1 2025 was $62.85 million, up 46% from $42.91 million in Q1 2024[84] - Post-tax Adjusted Earnings for Q1 2025 reached $54.35 million, compared to $37.42 million in Q1 2024, reflecting a 45% year-over-year increase[84] - Adjusted EBITDA for Q1 2025 was $89.20 million, a 40% increase from $63.48 million in Q1 2024[92] Expenses and Liabilities - Total expenses for Q1 2025 were $683.8 million, a 20.1% increase from $569.1 million in Q1 2024[10] - Total operating expenses increased to $683.8 million, up 20.2% from $569.1 million in Q1 2024[41] - Cash and cash equivalents decreased to $157.1 million from $197.7 million at the end of 2024, while total corporate debt rose to $770.9 million[14] - Total liabilities rose to $3.29 billion, compared to $3.17 billion at the end of Q4 2024[39] Capital and Liquidity - Newmark's net leverage ratio was 1.3 times as of March 31, 2025[14] - Total corporate debt as of March 31, 2025, was $770.9 million, resulting in a net leverage ratio of 1.3 times based on trailing twelve-month Adjusted EBITDA of $471.0 million[99] - Newmark's liquidity is defined as the sum of cash and cash equivalents, marketable securities, and reverse repurchase agreements, less securities lent out[77] - The company’s liquidity excludes marketable securities financed and does not include the value of undrawn revolving credit lines[6] Dividends and Share Count - A quarterly dividend of $0.03 per share was declared, payable on May 29, 2025[16] - The company aims for annual share count growth of 2% or less over time[20] - Future dividends payable by the company will be at the discretion of its Board of Directors, based on the fully diluted share count[69] Market Outlook - The outlook for FY 2025 is contingent on the recovery of industry leasing and capital markets activity, amidst macroeconomic uncertainties[19] - Newmark's total revenues include non-cash gains from originated mortgage servicing rights, which are recognized at commitment[23] - The company continues to focus on its Management Services, Servicing, and Asset Management businesses, which are considered resilient and recurring revenue streams[24] Notable Transactions - Recent notable transactions include a $360 million sale of two office towers and a $2.3 billion construction financing for a data center[32] Operational Metrics - Newmark generated revenues of over $2.8 billion for the twelve months ended March 31, 2025[102] - As of March 31, 2025, Newmark operated from 165 offices with approximately 8,100 professionals across four continents[102] - Newmark provides a comprehensive suite of services and products tailored to various clients, including owners, occupiers, investors, and startups[102]

Newmark Group, Inc. (Nasdaq: NMRK) First Quarter 2025 Financial Results Presentation April 30, 2025 Property Type: Office N M R K .C OM Disclaimers Discussion of Forward-Looking Statements References in this document to "we," "us," "our," the "Company" and "Newmark" mean Newmark Group, Inc., and its consolidated subsidiaries. Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to d ...

Conference Call to Discuss Results Scheduled for 10:00 a.m. ET TodayNEW YORK, April 30, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today, reported its financial results for the three months ended March 31, 2025, and declared its quarterly dividend.A complete and full-text financial results press release, including info ...